BitcoinTreasuries.NET said in a post on X that AllianceBernstein, which manages $800 billion in assets, has lowered its price target for Bitcoin treasury company Strategy from $450 to $350. The firm, according to the post, maintained an outperform rating on the stock despite the target cut. Even after the revision, the new target still implies 180% upside. The update centers on Strategy’s standing as a Bitcoin treasury company and highlights that the reduction in the target price did not change AllianceBernstein’s broader rating stance, based on the information shared by BitcoinTreasuries.NET.
Odaily reported that BitcoinTreasuries.NET said in a post on X that AllianceBernstein, which manages $800 billion in assets, has cut its price target for Bitcoin treasury company Strategy to $350 from $450.
According to the post, AllianceBernstein kept its outperform rating on Strategy. The revised target still implies 180% upside.
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